Finally, Rice the worlds most sought after commodity in basic food is being rationed at $25 per 100 weight (up 80% since Jan 07.) The Stock Markets have regained 10% of the 25% drop in value and has become stagnant at the 12,800 marker. One of the 4 Horsemen of the Markets, Apple, reported blow out earnings and receipts and did not react positively ....So, it appears that this bullish phase of the Bear Market will resume.
I currently Have an options spread on Apple, 165 long/145short and on Amazon 85 long/ 75 short. I am in a no loss /no win position if the price of these securities stay within the spread. If the price moves outside the spread either way, I will make money. These options expire June 21st.
I expect the markets to begin a downward movement to test 12,300, 12,100, 11,900 and finally 11,600 - and finally resume its direction toward 10,800 and 9,600 unless there is positive economic conditions that have not been restructured - We are dealing with information that has been tempered by people who have no problem being dishonest.